Bulletin

Santander among the top 40 lenders to European real estate

Real Estate Capital has released its rundown of Europe's top 40 lenders to real estate. The survey, it says, reflects the healthy diversity of real estate debt provision in 2015, with finance now available for assets all along the risk curve, from a wide range of bank and non-bank players. The 40 lenders include 23 banks, eight insurers and nine debt funds – illustrating how far the European real estate debt markets have evolved from one dominated by banks just a few years ago. Santander is among the top 40 – its UK bank reached record lending levels this year, with £3bn in credit approvals over the past six months across its corporate and commercial business, which provides debt to small property companies alongside large global REITs. Andrew Whelan, MD, regional real estate lending, is quoted saying: 'Our big advantage is that we didn't have any great legacy issues from the crisis, so we could set up 16 regional offices from scratch and build relationship business. Dislocation in the market meant we've been able to recruit good practitioners and acquire a client base to dream of.' Other banks appearing in Real Estate Capital's top 40 are Bank of Ireland, Barclays, HSBC, Lloyds and RBS.

 

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